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  • Dec, 2012

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    Christmas spending on credit cards

    Q. How much of your Christmas spending will you put on your credit cards?

     

    5 Dec 11

    3 Dec 12

    All or most of it

    23%

    26%

    A bit more than half

    7%

    8%

    About half

    9%

    7%

    A bit less than half

    5%

    5%

    Not much

    17%

    10%

    None of it

    37%

    36%

    Won’t be buying Christmas gifts

    na

    4%

    Don’t know

    3%

    4%

    41% say they will put at least half their Christmas spending on credit cards – and a further 15% will put some spending on their credit cards.

    Those most likely to use credit cards for at least half their spending were aged 35-44 (54%) and those least likely were aged 18-24 (18%). Those on higher incomes were much more likely to use their credit cards for Christmas spending – 55% of those on incomes over $1,600pw said they would put at least half on credit cards compared to only 20% of those on incomes under $600pw.

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